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Building Passive Income On Cub Finance: Farms and Dens Update
I staked my CAKE and USDT on the Dens when they were still active. But when the update came, their dens are already inactive so I pulled my coins out and moved them somewhere else. For the CAKE, I moved it to Beefy Finance for the compounding interest and to earn more CAKE. For the USDT, I converted it into CUB and staked it on the Cub dens.
I also staked my DOT and ETH on the Dens before but after making some messy decisions, I ended up pulling my DOT and ETH on their dens. Right now, I am only staking the CUB that I bought and earned from staking and farming.
I used to provide liquidity on the USDT-BUSD LP but after having dips in the market, I removed my stable coins from the Liquidity Pool and bought other coins using them.
I was also providing liquidity on the CUB-BNB LP but after the pump of the BNB coin, I immediately removed my tokens to the liquidity pool because I wanted to save my BNB and take advantage of the pump. However, this decision leads me to lose 0.5 BNB but I gained more CUB because of it.
Right now, the only active in the farms is the CUB-BUSD LP but I am also thinking of removing my tokens to the liquidity pool because I want to use my BUSD to buy other coins and trade them. However, I still haven't made up my mind if I will push it through because this is the only pair I have on the farm.
My new Cub goal is to earn and hold at least 1,000 CUBS on the Dens by buying them and earning them through staking and farming.
As of the moment, I already have 332 Cubs staked on the dens. This means that I still need 668 CUBs to achieve my goal. This will take a long time, but as always, I am optimistic that I will achieve it.
I have invested a reasonable amount of money into the Cub Defi so I am closely monitoring all the updates from the team behind this platform. I have read an update from them that the Kingdoms will soon be launched and I am looking forward to also invest in it.